The recent turbulence in China&#xx;s Petroleum Coke market has finally settled into a state of cautious stability, driven by a delicate equilibrium between supply and demand. While the industry witnessed a significant price plunge earlier, several factors are contributing to the current subdued but stable pricing of Petroleum Coke at the beginning of February itself amidst the Lunar Year.
The Chinese market for Petroleum Coke saw unchanged pricing dynamics to settle at USD xxx/MT Petroleum Coke (Calcined) Ex-Shanghai in the week ending xxth February xxxx. The stability was attributed to the current market sentiments as several Chinese traders were hesitant to make new deals before the Lunar New Year holiday. The market for Petroleum Coke has been impacted by the weakness in the freight rates because there has been a decline in new orders due to weak downstream industry demand. Due to their inventory management, Chinese...
